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June 9, 2023
Question

What accounts to I need to make a journal entry for when I get an adjusted trial balance from an accountant and am in a new YE? Can I do it in one journal entry? Thanks.

  • June 9, 2023
  • 1 reply
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This is for recording opening entries to start a new fiscal year.

1 reply

June 9, 2023

Hey there lauralynnbaxter,

 

Thanks for reaching out to us here. QuickBooks Online is a great tool able to help keep your books balanced. It's important that you're able to continue with your QuickBooks goals. I can provide some information.

 

Making sure you're recording transactions correctly is an important step in maintaining clean books. I recommend reading through this helpful guide. It will provide the necessary steps on how this can be done. If you require further assistance, I recommend reaching out to your accountant.  for expert advice on creating these types of transactions. They'll be able to guide you in choosing the correct transaction type as well as which accounts to affect so that your accounts can end up with the right balance.

 

If you have any other questions, feel free to reach back out to us here.